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For SaleCondominium
$515K
700 Wave Crest Avenue #205, Indialantic, FL 32903
Indialantic neighborhood
Subdivision: Islamorada Condo
2
Bedrooms
2
Bathrooms
1,451
Sq Ft
1983
Year Built
$355 /sqft

About This Property

Description from listing agent

Perfectly positioned in Indialantic just south of Fifth Avenue, this exquisitely maintained two-bedroom, two-bathroom direct oceanfront residence captures the essence of elevated coastal living. New Whirlpool stainless steel dishwasher, stove and above stove microwave. Nestled within an intimate 18-unit boutique building, the property has recently completed an impressive $3M structural transformation, including a new roof and impact-rated turtle glass windows--seamlessly blending modern resilience with timeless seaside elegance. All structural inspections and state-mandated assessments have been fully satisfied, with no pending obligations and a secured 10-year certification. Substantial capital improvements are complete, and costly special assessments have been paid in full, offering a rare financial advantage and exceptional peace of mind. Perched on the second floor, the residence features hurricane impact doors that open to a sprawling 30+ foot private terrace,

Space Coast Context

🚀 Launch Viewing — Good Views

32.8 mi from SLC-40

32.8 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris4.4 mi~10 min
Northrop4.7 mi~10 min
Blue Origin26.5 mi~59 min
Lockheed27.9 mi~1h 2m
SpaceX28 mi~1h 2m
Boeing/KSC30.3 mi~1h 8m
KSC31 mi~1h 9m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Based on 3 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
13.2% above median
Median comparable close: $455,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
91.2% of list price
At that rate, a competitive offer ≈ $469,420
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 3 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.9 acres (39,204 sqft)
Full Baths
2
Fireplaces
1
HOA Fee
$883.33/mo
Waterfront
Atlantic Ocean
Days on Market
92
MLS Area
384-Indialantic/Melbourne Beach

Community & HOA

HOA

  • Name: Islamorada
  • Fee: $883.33 / monthly

Schools

Elementary

Indialantic

Middle School

Hoover

High School

Melbourne

Financial & Listing Details

Listed
Apr 24, 2026
Parcel #
27-38-31-Eo-00040.0-0001.Xa
$515K

Listing Agent (for property info)

R
Ryan Malone
Endless Summer Real Estate
321-514-1660
Call Listing Agent

Estimated Monthly Payment

$4,261/mo
Principal & interest
$2,713
Property taxes
$515
Insurance & HOA
$1,033

Based on a 6.90% rate, 30-year loan, and $515K price — down payment shown: $102,980.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1075584

Interested in this property?

Equal Housing Opportunity

MLS# 1075584 · Listing Broker: Endless Summer Real Estate · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.